Trading in the US hide market was minimal ahead of Thanksgiving, with most US-based sellers traveling for the holiday. The only reported trades involved flat pricing for heavy native steer hides and butt-branded steer hides, reflecting a subdued market environment as participants paused for the holiday period.
More comprehensive trading updates are anticipated on Monday December 2, when Fastmarkets’ US offices reopen and cover activity during the holiday closure.
Automotive hide demand declines amid slower vehicle sales and production in 2024
The second half of 2024 has been marked by depressed buying for hides intended for automobile manufacturing, as sluggish vehicle sales and declining production levels weigh heavily on demand.
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12.10.2024
September renewable diesel shipments to West Coast reach new high
September interregional shipments of biodiesel to the West Coast were down, while flows of renewable diesel (RD) to the region reached a six-month high, monthly data released on November...
12.10.2024
Gulf UCO prices continue to rise, Midwest fats remain ‘soft’
Prices for used cooking oil (UCO) delivered to the US Gulf Coast continued to climb on Tuesday December 10, even as markets softened in other regions.
Sizeable volumes...
12.10.2024
Bloodmeal prices rise with strong demand
Ruminant bloodmeal traded higher late Monday and on Tuesday December 10, up to $1,200 per short ton FOB Missouri River.
The move comes due to increased demand and...